Banking system of Armenia is capitalized enough to withstand crisisSeptember 15, 2009 - 16:11 AMT PanARMENIAN.Net - Banking system of Armenia is capitalized enough to withstand financial crisis in Armenia, undergoing the worst stage of crisis, HSBC Bank Armenia Chief Executive Officer Tim Slater believes. In this context, he added that only Latvia's and Lithuania's economy is in a worst state than Armenian is. At the same time , Slater noted that anti-crisis measures realized by RA government, including crediting provided by international structures, will expedite overcoming of financial crisis consequences. ''Russian economy's stabilization will also positively influence economic situation in Armenia.'' Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem." U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says. Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |